Homebuilders are confronting two problems that can coexist: fewer customers signing contracts and too few workers to finish construction. An October 9 HousingWire report cited an unnamed regional builder CEO who estimated immigration raids and related disruption had reduced available crews by 60% to 80% in certain markets. Separately, the publication reported that Wolfe Research’s private builder survey found September net orders fell 19.5% from August. Neither figure should be mistaken for a nationwide government count. The crew estimate is…
MarketNational
Crew Losses Up to 80%. Orders Down Nearly 20%. Homebuilders Face Pressure From Both Sides.
Homebuilders are confronting two problems that can coexist: fewer customers signing contracts and too few workers to finish construction.
